China to Keep Textile Export `Stable' as Trade Restrictions End
Source: Bloomberg Date: 2008-10-29
The Ministry of Commerce will maintain ``dialogue and communication'' with relevant countries as limits imposed on China's textile exports by the WTO expire on Dec. 31, the ministry said in a statement published on its Web Site.
China aims to boost 2009 textile exports while avoiding any unwanted expansion of output after the restrictions end. The nation wants to minimize trade friction next year as textile agreements signed with the U.S. and Europe also run out in 2009.
``Local ministry of commerce offices should continue to do their job in helping enterprises to change growth models and adjust product structures,'' the ministry said in the statement, without giving details.
The government will arrange next year's export plan to meet the new situation, including a slowing world economy and the turmoil in financial markets, according to the statement.
